Saudi state petroleum firm Aramco and France’s Total, partners in the Satorp refinery at Jubail on the Gulf coast, are talking with banks to refinance $2.2bn of the joint venture’s debt, according to a 3 October Bloomberg report. The partners are looking to cut the borrowing cost on loans taken out to finance development of the refinery. Aramco and Total raised $8.5bn of project finance to fund the $14bn project (MEES, 18 December 2015). The twin-CDU Satorp refinery reached full...
Satorp Eyes $2.2bn Finance
Published on Fri, 11 Oct 2019 - Volume: 62 Issue: 41Print
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